Btc one last push before dump, to make a higher low on weekly
There are already signs of weakens . volume declining on new highs, rsi dropping. I expect one last try up before we start a pullback. possible to around 8k, and i expect this pullback to last 2 weeks. and after maybe some consolidation and start of bull market in june on btc.
We will most likely have bloody monday again.
We will most likely have bloody monday again.
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Last try in morning to break above 10k also rejected, and now we dumping whole day. Might be only the start though.
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I expect this weekly higher low will take around 2 weeks to develop. But to be totally confirmed we are making now weekly lowe high we need to break daily lower high which is 8800 level and kind of last level for bulls to prove themselves.
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We also broke below previoush higher low on daily. so its almost sure we are making weekly higher low so far. Keep your short open, 8k possible reversal, it would be great for bulls, but it can also go down to 7,5k or lower..
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Target from this HS is also around 8-8.2k. We might get a bounce here at this level or at 8k. If we boucne here, retest of 9k would be great chance to open shorts again.
Target from this HS is also around 8-8.2k. We might get a bounce here at this level or at 8k. If we boucne here, retest of 9k would be great chance to open shorts again.
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This could be great short, I expect another leg down, maybe just to 8100 to retest bottom or 7600 for a new. If u buy here set stop loss around 8405-8550, depending how much you can risk.
If 7900 was already weekly lower high, we will confirm it with daily higher low (8100 area) and after daily higher high (above 8500), which would make btc very bullish. Most likely we would at least retest 10k, and upon breaking it 14k wouldnt be far. When we break weekly lower high we should have big move (10k) in one week, Id say at least 20% most likely more.
This could be great short, I expect another leg down, maybe just to 8100 to retest bottom or 7600 for a new. If u buy here set stop loss around 8405-8550, depending how much you can risk.
If 7900 was already weekly lower high, we will confirm it with daily higher low (8100 area) and after daily higher high (above 8500), which would make btc very bullish. Most likely we would at least retest 10k, and upon breaking it 14k wouldnt be far. When we break weekly lower high we should have big move (10k) in one week, Id say at least 20% most likely more.
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Stop hit, looks a bit more bullish all. I look for daily pullback to 8100-300 range and buy there long position for longer period of time.
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Looks like we are hitting the bottom, this short from upper 9k was great. I expect we touch agian 7200-300 area this week where I will close all short and go long.
Trade closed: target reached:
Looks like capitulation at 6100. I closed my short at 7k and opened long 6300.